SAP, Microsoft Teams, Textio, the joint employer rule, overtime, ageism, and plenty of funding

SAP, Microsoft Teams, Textio, the joint employer rule, overtime, ageism, and plenty of funding - This is what we look at today on this episode of the BARF.

This weeks takeaways:

• SAP SuccessFactors and Microsoft Teams Partnership: Now, Microsoft Teams users can access performance management features through the app, thanks to the partnership with SAP SuccessFactors.
• Textio Layoffs: Textio's recent layoffs highlight the challenges HR tech companies face in a competitive market, emphasizing the importance of adapting to changing trends and technologies.
• Overtime Threshold Increase: With the overtime threshold rising, more employees will be eligible for overtime pay, providing increased protection for workers.
• Portable Benefits for Gig Workers: Offering benefits not tied to a specific job or employer, portable benefits for gig workers provide flexibility and security.
• NVIDIA Stock Awards: NVIDIA's provision of stock awards to employees showcases its efforts to retain talent and provide additional benefits to its workforce.
• Acquisitions in HR Tech: Companies like Multiverse and Cadient are being acquired, indicating ongoing consolidation in the HR tech industry.
• Identity Verification Importance: With AI's rise, verifying individuals' authenticity becomes increasingly crucial.
• Resources for HR Acronyms: For those confused by HR acronyms, resources like the A to Z guide of HR acronyms by AIHR are available.
• Ageism in the Workplace: Both younger and older candidates face biases, highlighting ageism's prevalence.
• Employee Engagement Decline: Engagement levels are at an 11-year low, signaling a potential shift in engagement's definition in modern workplaces.
• Racial Gaps in Recruitment: Racial gaps in recruitment processes vary among companies, affecting applicants' experiences.
• Name Changes Impact: Name changes introduce multivariable analysis in job applications, making it harder to pinpoint rejection reasons.
• Humility in Leadership: Leadership humility fosters informality and mentor-mentee relationships, enhancing career success.
• Recent Funding Rounds in HR Tech: Companies like Sprinto, Steps Connect, and Veremark have recently raised significant funds for their HR tech solutions.
• JFF Ventures Fundraising: JFF Ventures, focused on education and workforce, raised $15 million in its second fund.
• Role of Background Check Companies: Background check companies play a crucial role in managing hiring risks and ensuring compliance, with their services expanding globally.

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